Credit rating
Company information
About SIMONSEN A/S
SIMONSEN A/S (CVR number: 12646372) is a company from MORSØ. The company reported a net sales of 316.2 mDKK in 2023, demonstrating a decline of -3.8 % compared to the previous year. The operating profit percentage was at 9.9 % (EBIT: 31.3 mDKK), while net earnings were 24.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was 38.8 %, which can be considered excellent and Return on Equity (ROE) was 60.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 47.1 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. SIMONSEN A/S's liquidity measured by quick ratio was 1.6 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 263.52 | 225.67 | 243.26 | 328.69 | 316.16 |
Gross profit | 31.53 | 28.20 | 27.77 | 45.41 | 53.24 |
EBIT | 13.87 | 11.88 | 12.29 | 26.52 | 31.28 |
Net earnings | 10.83 | 9.19 | 9.49 | 21.21 | 24.34 |
Shareholders equity total | 22.92 | 26.11 | 26.60 | 39.80 | 40.17 |
Balance sheet total (assets) | 61.62 | 61.12 | 67.22 | 81.35 | 85.24 |
Net debt | -8.98 | -14.04 | -5.38 | -15.67 | -24.54 |
Profitability | |||||
EBIT-% | 5.3 % | 5.3 % | 5.1 % | 8.1 % | 9.9 % |
ROA | 24.4 % | 19.6 % | 19.3 % | 36.8 % | 38.8 % |
ROE | 53.9 % | 37.5 % | 36.0 % | 63.9 % | 60.9 % |
ROI | 66.1 % | 46.8 % | 44.8 % | 77.0 % | 65.7 % |
Economic value added (EVA) | 10.04 | 8.63 | 9.07 | 19.72 | 22.97 |
Solvency | |||||
Equity ratio | 37.2 % | 42.7 % | 39.6 % | 48.9 % | 47.1 % |
Gearing | 4.7 % | 4.2 % | 4.2 % | 8.2 % | 36.9 % |
Relative net indebtedness % | 10.8 % | 8.8 % | 14.0 % | 6.8 % | 1.8 % |
Liquidity | |||||
Quick ratio | 1.3 | 1.6 | 1.5 | 1.6 | 1.6 |
Current ratio | 1.5 | 1.7 | 1.6 | 1.9 | 1.8 |
Cash and cash equivalents | 10.06 | 15.13 | 6.48 | 18.93 | 39.35 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 46.9 | 53.5 | 74.8 | 49.2 | 38.1 |
Net working capital % | 7.6 % | 10.3 % | 9.5 % | 11.1 % | 11.6 % |
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | A |
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